Kao’s shares jump as it reports 5.5 percent rise in sales for 3Q 2015

Kao’s shares jump as it reports 5.5 percent rise in sales for 3Q 2015

Kao Corporation saw its stock climb 0.8 percent to ¥5,868 following the announcement of its third-quarter results for the nine months ending September 30. Net sales rose 5.5 percent versus the same period in 2014, reaching ¥1.06 trillion.

Net income for the period soared 34.6 percent to ¥68.20 billion, while earnings per share climbed from ¥99.12 to ¥136.04. The company predicted an increase of 4.9 percent in net sales for fiscal 2015, to ¥1.47 trillion, with net income surging 14.3 percent to ¥91 billion.

Kose Corporation was also on a high, with shares jumping 4.3 percent to ¥11,840 as it raised its net sales forecast for the first half of the fiscal year (ended September) to ¥115.4 billion, a rise of 4 percent, versus its earlier guidance of ¥111 billion.  

 

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